Gold testing $1,480 resistance

Gold managed to bounce from the level near top of channel. The precious metal continue upward and tested $1,480 resistance. No breakout yet and the price continue stick near the level. At the current time, traders will wait the consolidation near $1,480 and trade either breakout above $1,480 or rejection from it.

Today critical levels to watch:

Support: $1,450, $1,430

Resistance: $1,480, $1,500, $1,550

Silver attempting bullish breakout

Silver bounced from the trendline and $16.50 support level. The price manage to climb and closed inside $16.80 – $17.00 area. At the current time, the price expected to consolidate inside the range and wating for breakout. Traders might want to wait until actual breakout happen before placing positions.

Today Critical levels to watch:

Support: $16.80, $16.50

Resistance: $17.00, $17.50, $17.73

Crude oil hovering above $60.00

OPEC decided to deep cut oil production further in the previous meeting. It was a bullish situation for the crude oil and the price climbed above $60.00. However, no major bullish movement yet from the level and crude oil might continue its consolidation for now.

Today critical level to watch:

Support: $60.00, $59.50

Resistance: $65.00